Oil price spike moves markets

Apr 4, 2023 | Commodities, Currency, Economy, Money Market

4.4.23 A 6+% gain in oil prices has been the key market mover to kick off the week, after the surprise weekend decision by OPEC+ to cut production, notes BNZ Markets “This pushed up global rates, only to see them fall back after a weak US ISM manufacturing print. Oil-sensitive currencies have outperformed and the […]

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Oil price spike moves markets

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